Phoenix leads in manufacturing construction
Construction Dive
JANUARY 18, 2024
The city has seen 14 major projects since 2020, and plants are cropping up in other areas with the labor pool to staff them, said a new report.
Climate Cooling Technologies Put To the Test Against Deadly Phoenix Temperatures
Pro Builder
JANUARY 28, 2022
Climate Cooling Technologies Put To the Test Against Deadly Phoenix Temperatures. Phoenix is notorious for its hot desert climate, but peaking summer temperatures offer a harrowing glimpse into the future of climate change in Arizona’s capital city. Fri, 01/28/2022 - 10:19.
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2020 Top 500 Sourcebook: Update to Phoenix Arena
ENR Construction
JULY 1, 2020
HOK recently designed the $230-million, phased renovation of Talking Stick Resort Arena in Phoenix.
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2020 Don Flynn Safety Award and Flynn Manufacturing Safety Award Winners!
Flynn
JULY 21, 2020
Congratulations to Flynn’s Spokane and Phoenix branches for winning the Don Flynn Safety Award! Spokane, in the white division comprised of Flynn’s larger branches, edged out Portland; Phoenix in the green division placed ahead of St. But KC’s safety culture runs deep, and they are winners of the 2020 Flynn Manufacturing Safety Award!
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ENR's Southwest City Scoop: Phoenix
ENR Construction
APRIL 27, 2020
Dodge offers data on projected 2020 construction starts in the Phoenix area.
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Phoenix Architects Tout New Urban Dynamics
ENR Construction
APRIL 27, 2020
ENR Southwest's 2020 Design Firm of the Year Shepley Bulfinch embraces its role in furthering the city’s transformation into the most vibrant metro area in the Southwest.
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Single Family Build-For-Rent Homes Reach All-Time High
Pro Builder
JUNE 13, 2023
Prior to 2020, there was an average of only 6,000 BFR homes built annually. Phoenix, Ariz., For example, Phoenix leads this list as well with 6,000 of its BFR units being built in the last five years. Dallas comes behind Phoenix again, doubling its BFR homes stock (currently, 7,843 units) from 2017 (3,888 units).
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Homeownership Wealth Gains for Second Quarter of 2020
Pro Builder
NOVEMBER 3, 2020
Homeownership Wealth Gains for Second Quarter of 2020. Tue, 11/03/2020 - 09:42. Clara; Riverside-San Bernardino, California; Phoenix-Mesa-Scottsdale, Arizona; and Lakeland-Winter-Haven, Florida. . cbroderick. Based on the 2019 Survey of Consumer Finance data, homeownership accounts for 90% of total wealth among all families.
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July Home Prices Advanced by 4.8% Says Case-Shiller
Pro Builder
SEPTEMBER 29, 2020
Tue, 09/29/2020 - 09:46. The three metros which saw the highest price increases were Phoenix, Seattle, and Charlotte. Phoenix home prices jumped by 9.2%, Seattle by 7%, and Charlotte with a 6% increase. Sixteen of the 19 cities reported higher price increases in the year ending July 2020 versus the year ending June 2020. “In
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Shepley Bulfinch Selected as ENR Southwest's 2020 Design Firm of the Year
ENR Construction
APRIL 3, 2020
Shepley Bulfinch recently celebrated its 10th anniversary in the Phoenix market, and recorded 48% year-over-year growth in regional revenue during 2019.
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Home Values Increase at Unprecedented Quarterly Rate
Pro Builder
JANUARY 22, 2021
at the end of 2020—the fastest pace on record since at least 1996. from the third quarter of 2020 to the fourth quarter. For year-over-year growths, Phoenix experienced a 15.3% increase in home value in 2020 from 2019. Annual rent growth was stunted in 2020 as demand shifted into the for-sale market. Read More. .
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Metros Where New Rental Construction is Thriving
Pro Builder
SEPTEMBER 10, 2021
from 2020 levels. New development in the Dallas metro area has been on the upswing in recent years, and that area landed at the top of the list, with 21,173 new rental units expected to open this year (although the number represents a 13 percent decrease compared to 2020).
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U.S. Movers Looking for Affordability Tested Out New Zip Codes in 2021
Pro Builder
DECEMBER 20, 2021
In 2021, Americans intensified a trend begun in 2020 of moving to more affordable areas, as rapidly rising home values and more remote-working jobs continue to push people to seek out locales where their home-buying dollar goes farther.
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Arizona, Utah, or Cali: Which Western Market is Best?
Pro Builder
OCTOBER 12, 2020
Mon, 10/12/2020 - 09:52. Out of Phoenix, Ariz., When it comes to the economy, John Burns says Phoenix has turned into a “job magnet” and the pandemic could not halt jobs from growing. Phoenix is one of the most generationally diverse housing markets in the country. Arizona, Utah, or Cali: Which Western Market is Best?
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Which Western Market is Best?
Pro Builder
OCTOBER 12, 2020
Mon, 10/12/2020 - 09:52. Out of Phoenix, Ariz., When it comes to the economy, John Burns says Phoenix has turned into a “job magnet” and the pandemic could not halt jobs from growing. Phoenix is one of the most generationally diverse housing markets in the country. Which Western Market is Best? cbroderick. Read More. .
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Arizona, Utah, or Cali: Which West Coast Market is Best?
Pro Builder
OCTOBER 12, 2020
Mon, 10/12/2020 - 09:52. Out of Phoenix, Ariz., When it comes to the economy, John Burns says Phoenix has turned into a “job magnet.” Phoenix is one of the most generationally diverse housing markets in the country. Add the active adult buyer, and Phoenix is now one of 12 housing markets we rate as Very Strong.
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Home Prices Jumped Double-Digits in December, Highest Pace Since 2013
Pro Builder
FEBRUARY 24, 2021
from 2019 to 2020. Phoenix, Seattle, and San Diego continued to show the strongest price gains among the 19 cities surveyed. Year-over-year prices in Phoenix rose 14.4%. Eighteen of the 19 cities reported higher price increases in the 12 months ending December 2020 versus the 12 months ending November 2020.
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Developer Plans Car-Free Neighborhood in 'Walker's Nightmare'
Pro Builder
NOVEMBER 2, 2020
Mon, 11/02/2020 - 10:23. Well known for being a walker’s nightmare, the metropolitan area of Phoenix will now be home to the first car-free neighborhood in the country. Developer Plans Car-Free Neighborhood in 'Walker's Nightmare'. cbroderick.
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Home Values Fell Slightly in November, but Would-Be Buyers Kept Their Distance
Pro Builder
DECEMBER 19, 2022
While formerly red-hot markets like San Jose, Raleigh, and Phoenix saw the most significant price declines of (-3.3%), (-2.5%), and (-1.6%), respectively, Florida continued to post the highest year-over-year home value appreciation in Miami (+22.8%), Tampa (+18.2%), Orlando (+17.6%). annual decline in April 2020. New listings fell 25.4%
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Santa’s North Pole Workshop Roof Maintenance 2020
Flynn
DECEMBER 8, 2020
Last year, a Flynn crew from Calgary rode a gondola up into the Rocky Mountains to execute a total building envelope replacement on a chalet, and a crew from Flynn’s Phoenix branch hiked to the bottom of the Grand Canyon to perform a roof repair on a pump house.
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John Burns Forecasts Apartment Rent Trends Across the U.S.
Pro Builder
FEBRUARY 8, 2021
Examples include Austin, Tampa, Charleston, and Phoenix. Suburban markets have captured most of the positive headlines in 2020, attracting investment and development capital. Examples: Austin, Tampa, Charleston, Indianapolis, Myrtle Beach, Nashville, Phoenix. . This market greatly benefitted from the migration out of cities.
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Rental Markets Brace for Soaring Prices in 2022
Pro Builder
JANUARY 26, 2022
Though the multifamily rental industry struggled at the start of the COVID-19 pandemic in early 2020 as rising unemployment left many residents unable to afford rent, the market made a strong recovery in 2021 with a total of 673,000 units rented for the year. leading to rent increases in Sun Belt cities like Phoenix, Las Vegas, and Tampa.
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May Home Price Increase Breaks S&P Case-Shiller Record
Pro Builder
JULY 28, 2021
higher in May 2021 than in May 2020, up from April’s 14.8% compared to May 2020 levels while the 20-city composite increased 17%, reports CNBC. Every metro tracked in the 20-city composite recorded price increases while Phoenix, San Diego, and Seattle posted the highest annual gains of the 20 cities. Phoenix home prices were 25.9%
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Homeownership Is Becoming the More Affordable Option in Most Housing Markets
Pro Builder
JANUARY 27, 2022
year-over-year from November 2020 to November 2021, but rising wages and low mortgage rates offer a degree of affordability that record-breaking rental increases cannot provide. Lost Angeles, Chicago, and Phoenix, renting is still more affordable than buying, particularly as renters benefit from rising wages that outpace rent growth.
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Home Values Increase Up to 9% Year-Over-Year Nationwide
Pro Builder
FEBRUARY 19, 2021
Some metros experienced higher value increases than others, such as Phoenix, which saw a home value increase of 2.1% The number of Americans aged 25-34 was 12% higher in July 2020 than July 2010, according to Census estimates, rising from 41.2 from December, but 9.1% year over year. and San Francisco, where home values inched up 0.4%.
Investors Plan to Spend $1 Billion on Single-Family Rentals
Pro Builder
JUNE 9, 2021
Investors have listened and posted a record buying spree in 2020, according to Business Insider. For tenants wanting all the perks of a single-family home without the responsibility or cash needed to own one, single-family rentals are the answer.
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Out of State Movers Chose More Affordable, Sizable Homes
Pro Builder
JUNE 8, 2021
The average homebuyer who moved out of state in 2020 chose to relocate to areas with larger, more affordable homes, according to data from Zillow. Buyers living in Chicago, New York, Los Angeles, San Diego, and San Francisco decided to move out of state the most in 2020 while Phoenix, Charlotte, Austin, Dallas, and Sarasota, Fla.
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Increases in Apartment Occupancy Hits 10-Year High
Pro Builder
JULY 15, 2021
Rhetoric of an urban exodus in 2020 could be proven through NAR’s analysis, but only for some large cities. The largest gains in occupancy during 2020 Q2 – 2021 Q2 were in Atlanta, Austin, Boise, Dallas, Denver, Houston, Orlando, Philadelphia, Phoenix, and Portland. Read More. . Multifamily.
Bidding Wars Continue to Rage On
Pro Builder
SEPTEMBER 4, 2020
Fri, 09/04/2020 - 10:05. Nearly 60% of offers faced competing bids in three of the four most popular destinations for Redfin.com users who looked to relocate in July: Sacramento (57.8%), Phoenix (56.5%) and Austin (58.2%). Bidding Wars Continue to Rage On. cbroderick.
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Where the Buyers Are (Moving To and Leaving)
Pro Builder
AUGUST 28, 2020
Fri, 08/28/2020 - 09:41. Sacramento has overtaken Phoenix as the most popular destination for homebuyers looking to move to a different metro area. Sacramento, Phoenix and Las Vegas—all places with a median home price of under $475,000—are perennial hotspots for migrants. Where the Buyers Are (Moving To and Leaving).
Home Prices Hit Double Digit Yearly Growth
Pro Builder
MARCH 3, 2022
gain since February 2020, according to Realtor.com. Heightened demand is also speeding along the sales process, with February homes selling in an average of 47 days, a rate 17 days faster than last year and over a month quicker than in early 2020. year-over-year increase and a staggering 26.6%
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Buyers 'Marching Into the Jaws of Destruction' Says Redfin CEO
Pro Builder
SEPTEMBER 7, 2021
Phoenix even surpassed Philadelphia last year for population size, reports CNBC. Located in the Sonoran Desert, Phoenix has long been known for its heat, but experts say it’s likely to become more extreme as a result of climate change. Utah’s population grew more than 18% between 2010 and 2020, making it the fastest-growing U.S.
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Rents Are Down for the First Time in Nearly Two Years in These Popular Metros
Pro Builder
SEPTEMBER 28, 2022
a year later, and in Phoenix, rents are down year-over-year to 5.2% After a 20-month run of positive monthly growth dating back to December 2020, the market finally witnessed negative asking rent growth on a monthly sequential basis from July to August, with rents down 0.1% in the fourth quarter of 2021 to 8.2%
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Home Value Appreciation Outpaced Median Salaries Across 25 Metros in 2021
Pro Builder
MARCH 21, 2022
metros tracked by Zillow in 2021, compared to just five metro areas where home value appreciation outpaced median income in 2020, CNBC reports. The growth was even bigger in Sun Belt cities like Miami and Phoenix, where rents surged 25%, according to Zillow. Home value growth surpassed median salaries in 25 of 38 U.S. Affordability.
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3 Cities Out-of-Town Buyers Are Eyeing Most
Pro Builder
SEPTEMBER 24, 2020
Thu, 09/24/2020 - 09:56. The most interest from these searchers are in Sacramento, Austin, and Phoenix. Sacramento and Austin–like Phoenix, Las Vegas and Atlanta, which round out the top five–are affordable relative to coastal areas, with median home prices under $475,000 in August, compared with $1.5 cbroderick. This is a 27.4%
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Affordable Homes are Increasing in Value Fastest Nationwide
Pro Builder
APRIL 1, 2021
Boise, Phoenix, and Spokane experienced the fastest annual growth for affordable homes. Among a wider pool of the nation’s 100 largest markets, bottom-third home values grew the fastest year-over-year in February in Boise (27.2%), Phoenix (19.4%) & Spokane (18.4%). For example, the bottom third of the market in Cleveland grew by 13.1%
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The Buying Boom Is Slowing, and Experts Say a Housing Correction Could Follow
Pro Builder
MAY 31, 2022
New home sales in April and May dropped 19% to their lowest level since 2020, and sellers are responding. Zandi says the extremely "overvalued" housing markets like Boise and Phoenix are at the highest risk of falling home prices over the coming year. Among those 392 markets, 149 are overvalued by at least 25%.
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Single-Family Home Prices Up 14.6% in April Nationwide
Pro Builder
JUNE 30, 2021
CNBC reports that the cities with the highest year-over-year price increases were Phoenix, San Diego, and Seattle, all of which posted more than 20% price advances. The inventory of homes for sale rose slightly in May compared with April, but was still 21% lower than May 2020, according to the National Association of Realtors.
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Land Demand ‘On Fire’ Across the Country
Pro Builder
NOVEMBER 23, 2020
Mon, 11/23/2020 - 10:01. Nearly all top land brokers reported their markets were experiencing intense demand in the third quarter of 2020. While some markets such as Phoenix, Tampa, and Riverside-San Bernardino are seeing the most demand, land demand remains strong across the country. Land Demand ‘On Fire’ Across the Country.
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New Study Reveals Cost Effectiveness of Solar Panels
Pro Builder
DECEMBER 1, 2020
Tue, 12/01/2020 - 11:14. Home Innovation Research Labs’ new study looks at the cost effectiveness of solar panels across five markets across the country: Phoenix, Tampa, Boston, Kansas City, and Seattle. New Study Reveals Cost Effectiveness of Solar Panels. cbroderick.
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August Home Price Growth Rate Sees 2-Year High
Pro Builder
OCTOBER 27, 2020
Tue, 10/27/2020 - 09:46. There were three US cities that experienced much higher gains: Phoenix, Seattle, and San Diego. “A August Home Price Growth Rate Sees 2-Year High. cbroderick. Home prices jumped 5.7% annually in August, compared to a 4.8% increase in July. The index’s 10-City Composite also saw a 4.7% year over year.
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Commercial Construction 2020 Trends: Cannabis Retail, Senior Housing and Restaurant Construction Lead the Way
HardHatChat
JANUARY 6, 2020
Englewood’s business development team attended ICSC’s CenterBuild conference in December, where conversations revolved around retail activity and opportunities in 2020. As we kick off 2020, we have a lot of optimism about our industry and the sectors we’re active in, but we also recognize there will be challenges ahead.
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Sun Belt Buyers Need 40% More Income to Afford a Home
Pro Builder
APRIL 27, 2022
from 2021, while homebuyers in Phoenix must earn $87,026 to afford the area’s typical monthly mortgage payment of $2,176, a 45.7% Meanwhile, the average monthly mortgage payment reached $1,910 in March 2022, up from $1,423 in March 2021 and $1,280 in March 2020. Monthly mortgage payments in Tampa, Florida are up 47.8%
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Home Improvement, Remodeling Spending Expected to Rise
Pro Builder
FEBRUARY 11, 2021
Stronger gains will come with remodeling in the large metros, with expected growth of nearly 5% this year whereas 2020 only experienced a 2% growth. Only four of the 46 metros are expected to see a decline in spending. A total of 14 metros are expected to have an even stronger remodeling growth with increases larger than 6%.
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